Nordea Investment Management AB increased its holdings in Philip Morris International Inc. (NYSE:PM) by 0.3% during the third quarter, HoldingsChannel.com reports. The fund owned 1,288,699 shares of the company’s stock after buying an additional 3,451 shares during the period. Nordea Investment Management AB’s holdings in Philip Morris International were worth $143,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in PM. Vanguard Group Inc. grew its position in Philip Morris International by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after buying an additional 2,972,929 shares during the last quarter. BlackRock Inc. grew its position in Philip Morris International by 2.7% in the 2nd quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after buying an additional 2,421,533 shares during the last quarter. FMR LLC grew its position in Philip Morris International by 12.5% in the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after buying an additional 2,330,864 shares during the last quarter. Legal & General Group Plc grew its position in Philip Morris International by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock valued at $871,687,000 after buying an additional 210,869 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Philip Morris International by 6.1% in the 2nd quarter. Royal Bank of Canada now owns 6,954,881 shares of the company’s stock valued at $816,852,000 after buying an additional 397,015 shares during the last quarter. 72.35% of the stock is currently owned by institutional investors and hedge funds.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by insiders.

Shares of Philip Morris International Inc. (NYSE:PM) opened at $108.92 on Friday. The company has a market cap of $169,170.00, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89. Philip Morris International Inc. has a 1 year low of $94.07 and a 1 year high of $123.55. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. Philip Morris International’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share. sell-side analysts predict that Philip Morris International Inc. will post 4.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st were given a dividend of $1.07 per share. The ex-dividend date was Wednesday, December 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.93%. Philip Morris International’s payout ratio is currently 94.48%.

A number of research firms recently weighed in on PM. Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a research report on Friday. Wells Fargo & Co reiterated an “outperform” rating and issued a $135.00 price objective (down from $140.00) on shares of Philip Morris International in a research report on Wednesday, November 15th. Piper Jaffray Companies reiterated a “buy” rating and issued a $130.00 price objective on shares of Philip Morris International in a research report on Sunday, October 22nd. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Goldman Sachs Group began coverage on shares of Philip Morris International in a research report on Monday, October 2nd. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $125.31.

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Philip Morris International Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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